by Daan Steenkamp | Jul 6, 2020 | Business, Economy, Practice, Property, Snippet
Economy More or less? I am confused as to where we should go, economically speaking. Should we tighten our economic belt, spend more, or both? Tito has called for the former; this week a bunch of PhD’s and similar, called for more expenditure. My gut says that you...
by Daan Steenkamp | Jun 30, 2020 | Business, Economy, Practice, Property, Snippet
Economy I don’t believe we have an economic or financial problem in South Africa. We have a political problem. Dawie Rood ‘Potamus rising: the world debt is, on average 100% of world GDP. Ours sits at 81% of our GDP. Better than many, but, when we are spending 21% of...
by Daan Steenkamp | Jun 23, 2020 | Business, Economy, Practice, Property, Snippet
Economy Can Dr Doom be right again? Roubini, a New York University Prof, sprang into prominence when his 2006 warning, that the US housing market would collapse, proved true. He now predicts a post-CV19 economic rebound, followed by a collapse beneath the weight of...
by Daan Steenkamp | Jun 17, 2020 | Business, Economics, Practice, Property, Snippet
Economics Economic news in Africa, and closer to home, is not great, as may be seen from the following: the average share of African government revenue that goes towards external debt service has tripled over the past 10 years to 13%; Angola, Africa’s second-largest...
by Daan Steenkamp | Jun 8, 2020 | Business, Economy, Practice, Property, Snippet
Economy We need guidance? “A developmental state does not necessarily mean higher levels of state ownership, but high levels of guidance.” IDC and SA Development Bank chairman, Enoch Godongwana. Eskom: whilst SAA tends to attract more attention, the total debt...
by Daan Steenkamp | Jun 2, 2020 | Business, Economy, Practice, Property, Snippet
Economy News has it that our government is seeking a loan from “multilateral lenders” (whatever that means) to fund the development of “network industries” – read infrastructure. With this comes promises of jobs and so on. I understand that borrowing to pay for...
